Gartner report says worldwide Enterprise Application spending to grow 7.5 percent to $149.9 billion in 2015
According to research company Gartner, the market for enterprise application software, led by SaaS, will increase by 7.5% in 2015 to $149.9 billion worldwide and will further increase to more than $201 billion in 2019.
Bianca Granetto, research director at Gartner said, “The majority of spending is going towards modernizing, functionally expanding or substituting long-standing business and office applications with cloud-based software-as-a-service.”
Gartner estimates that by the end of this year 15 percent of businesses will conduct their day-to-day operations using cloud-based office applications, with the expectation that the number of companies utilising cloud applications will grow to around 60 percent by 2020.
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